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Gungun Bhatia
Sep 16, 2022
by Gungun Bhatia

The Sandbox By Animoca Brands To Launch "Dubaiverse"

Dubaiverse

Table of contents

  1. Establishment Of Dubaiverse Via Local Collabs
  2. VARA - First Buyer of Dubaiverse
  3. Animoca Brands' Funding Deal With Temasek
The Sandbox, a division of Animoca Brands Corp. Ltd., a Hong Kong-based gaming software and venture capital firm, said on Thursday that it would be creating a "Dubaiverse" to expand its Hong Kong metaverse approach into a new market in Dubai.

The Dubai-themed metaverse would be built on the same principles as Sandbox's Hong Kong "Mega City," a gaming metaverse and virtual culture center based in the Asian financial hub of Hong Kong.

Establishment Of Dubaiverse Via Local Collabs

Animoca Brands stated that the Dubaiverse would be established through local collaborations, an approach similar to that used in Hong Kong. The Hong Kong-based blockchain game specialist would collaborate with businesses in the entertainment, banking, real estate, acting, and gaming sectors. Sebastien Borget, co-founder and COO of Sandbox Paris, stated that other location-based metaverses are being developed for Singapore, Korea, and Turkey.

VARA - First Buyer of Dubaiverse

In a historic collaboration in the metaverse, the Dubai crypto regulator, Virtual Assets Regulatory Authority (VARA), became the first buyer of a property on the Dubaiverse virtual map. The Khaleej Times will be the local news partner of the Dubaiverse.

Animoca Brands' Funding Deal With Temasek

Last Thursday, the gaming software and venture capital firm Animoca Brands revealed that Temasek, Boyu Capital, and GGV Capital had invested $110 million in the company.

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Animoca Brands Metaverse The Sandbox Virtual Assets Regulatory Authority (VARA) Dubaiverse
The Sandbox By Animoca Brands To Launch "Dubaiverse"
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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